Credit card Q&A: “How to pay off credit card debt?”
There are several ways to pay off credit card debt, but perhaps the best method is to transfer existing balances to low interest credit cards, or even better, a 0% APR credit card.
By doing so, you’ll be able to lower the APR tied to the balance(s), [...]
I recently took a closer look at the so-called “Fico Score Simulator” offered up by Fico, founder of the all-knowing and all-powerful Fico score.
The tool essentially allows consumers to determine which actions will improve their credit score the most, instead of simply guessing.
You can gain access to the Fico Score Simulator if you purchase your [...]
Fico, formerly known as Fair Isaac, the creator of the mighty Fico score, has lost the trademark on its 300-850 credit score range.
All Fico scores fall between these two three-digit numbers, but soon competitors may be able to copy Fico.
Earlier this month, U.S. District Court Judge Ann D. Montgomery denied Fico’s request for a new [...]
Credit card Q&A: “How many credit cards should I have?”
Credit cards can be useful tools to manage debt and earn rewards for everyday purchases, but they can also cause problems if you’re not responsible.
Aside from landing yourself in serious credit card debt, too many credit cards can drag down your credit score, though it’s unclear [...]
Credit score Q&A: “Is 700 a good credit score?”
If your credit score is 700 or higher, you’ve got what I refer to as “good credit.” While it could be higher (what is the highest credit score), it’s definitely not a bad place to be.
The credit score range is 300-850 for Fico, which is the [...]